1, THE CEDARS, POPLAR DRIVE, WALCOTT, NORWICH, NR12 0LZ - £270,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 THE CEDARS is a small detached house of 70m², built sometime between 2003 and 2006. It was last sold for £270,000 in August 2021, which was around 27% below the average August 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

1 THE CEDARS Sold Prices

Land registry data shows three sales for 1 THE CEDARS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three 1 THE CEDARS sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 5 AUG	£270,000	£372,074	27% below HPI
2005 9 DEC	£184,000	£219,365	16% below HPI
2002 9 SEP	£87,500	£157,198	44% below HPI

1 THE CEDARS Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 1 THE CEDARS sales between September 2002 and August 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2005 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 THE CEDARS?

1 THE CEDARS is 70m² according to the EPC inspection conducted in August 2024. This puts it in the smallest 40% of detached houses in Walcott, based on EPC data. The below chart shows the distribution of detached houses by size in Walcott, and where 1 THE CEDARS lies on this distribution: 35% of detached houses are smaller than 1 THE CEDARS, and 64% of houses are larger. Note that EPC data is not available for all properties in Walcott.

1 THE CEDARS: Plot and Title Map

1 THE CEDARS sits on a plot of roughly 0.223 of an acre, or 901m². The below map shows the location of 1 THE CEDARS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 THE CEDARS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 THE CEDARS?

1 THE CEDARS is located on POPLAR DRIVE in WALCOTT, in the NR12 postcode district. The below map shows the position of 1 THE CEDARS on POPLAR DRIVE.